For one, ICICI Securities did not offer its minority shareholders a chance to participate in a price discovery process or allow them an option to stay invested in the company even after the proposed delisting
The market is experiencing stock specific movements, leading to uncertainty for investors. It is a time of indecision, as investors are unsure whether to enter the market or book profits. The current market movement can be seen as a healthy correction following a strong 2023. Additionally, the January to March quarter historically has negative returns.
Karthik Kumar says: “My fund has a good mix of PSU banks, private banks, and even non-banking players as well. PSU banks have had a good rally for the year so far. So, to that extent, the valuation differential has narrowed and now it comes down to selecting stocks on a case-by-case basis rather than looking at it as a group, as a whole.”
It’s been a little over a year since a massive front-running scandal erupted at Axis Mutual Fund. The firm has since set its house in order and is now readying for a fresh innings.
Axis MF's Ex-Fund Manager Viresh Joshi, 20 Others Barred from Markets; SEBI Impounds Rs30.56 Crore Wrongful Gain Earned from Front Running moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.